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Indian Hotels Company (IHCL) announced its partnership with global car rental company Sixt at the International Tourism Exchange (ITB) in Berlin. IHCL first step in this global collaboration will bring benefits to the members of IHCL’s loyalty programme, Taj InnerCircle. https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/ihcl-announces-partnership-with-global-car-rental-company-sixt/articleshow/68356350.cms

Marriott International announced the launch of ‘Courtyard by Marriott’ at Siliguri, nearly 600 kms from Kolkata. This will be Marriott’s second hotel in West Bengal, the first in the eastern India and seventeenth in South Asia. https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/courtyard-by-marriott-launched-in-siliguri/articleshow/68359611.cms

Vatika Hotels, hospitality arm of the Gurgaon-based realty developer Vatika Group, is in talks with private equity firms to raise about Rs 750 crore to support expansion of its verticals including hospitality, facilities management and business centres. https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/vatika-hotels-in-talks-with-pes-to-raise-rs-750-crore-for-expansion/articleshow/68279451.cms

In an industry-first initiative, online travel portal MakeMyTrip (MMT) has tied up with digital lending platform Capital Float for providing travel finance for customers, which will let them avail of credit facility of up to Rs 2 lakh to book flights, hotels, holidays or international travel. https://www.business-standard.com/article/companies/makemytrip-ties-up-with-capital-float-to-offer-zero-interest-loans-119021900931_1.html

Tata Group-run hospitality major Indian Hotels Company (IHCL), which operates the Taj brand of hotels, announced its entry into the homestay market with a new brand Ama Trails & Stays. The largest hotel chain claimed that this is the first branded product in the homestay market in the country. The new brand will have two […]

Online restaurant guide and food ordering startup Zomato has raised Rs 284 crore from US-based investor Glade Brook Capital Partners which counts companies such as Uber, Airbnb and Snapchat among its portfolio firms. The financing is part of Zomato’s Series I funding round that started in November 2018 when Alibaba-backed Ant Financial invested Rs 1,539 crore […]

Twenty14 Holdings, the hospitality investment arm of Abu Dhabi-based LuLu Group International, plans to invest about Rs 1,000 crore in India over the next two years to build hotels in key cities. Globally, the company plans to have assets worth $1 billion by 2020 and owns hotels like the one managed by the Steigenberger group […]

The Apeejay Surrendra Group, which owns The Park Hotels, is planning to double its inventory to 4,000 keys over the next half a decade, banking primarily on an asset-light model.  In addition, it will straddle the super-premium segment with niche offerings that include management of heritage properties and making them commercially viable as it is doing […]

Hospitality firm OYO is looking to add up to 500 Townhouse hotels across India during 2019 as part of its expansion plan. In all, the company has 68 Townhouse hotels in Delhi, Hyderabad, Bengaluru, Kolkata, Mumbai, Noida, Ghaziabad, Jaipur and Pune.  https://www.business-standard.com/article/companies/oyo-to-add-up-to-500-townhouse-hotels-from-current-68-across-india-in-2019-119010600181_1.html

Blackstone Group has received the approval of the lenders to bankrupt Golden Jubilee Hotels to acquire the Hyderabad-based hotel firm that had shot into limelight after hosting Ivanka Trump last year. This is the first deal where international institutional capital will be coming in for the financial resolution of any company under the Insolvency and […]